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Property profile & analytics
FOR SALE
Industrial properties
2436 Route 83 Pine Plains, NY 12567
Entity Owned
1-yr Hold
Free & Clear
Property ID
US63-2273197
For Sale
1 / 2
$1,495,000
2436 Route 83, Pine Plains, NY 12567
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
LUMBERYARD, BUILDING MATERIALS
Year built
1995
Total area
16,800 SF
Lot
4 ac (174,240 SF)
Zoning code
H-MS
APN
134200 6871-00-455865-0000
UPID
US63-2273197
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$650k
Owner & transaction history
Luxe Builders INC · 1 yrs held
Luxe Builders INC
since 2024
Last sale
$650,000
6 recorded transactions
Zoning & alternative use
H-MS · Pine Plains, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pine Plains submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pine Plains submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,055,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$910,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $650k (May 26 2024)
Last sale anchor
$650k
May 26 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$39 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Assessed value
$649,800
Assessed 2023
Previous assessed
$649,800
+0.0% YoY
Assessed land
$114,900
Assessed improvement
$534,900
Land market value
$114,900
Improvement market value
$534,900
Total market value
$649,800
Applied tax rate
134,201.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
LUMBERYARD, BUILDING MATERIALS
Status
For Sale
Year built
1995
Heating
NONE
Stories
1
Total area
16,800 SF
Lot
4 ac (174,240 SF)
Zoning code
H-MS
APN
134200 6871-00-455865-0000
UPID
US63-2273197
Jurisdiction
DUTCHESS
Zoning & alternative use
H-MS · Pine Plains, NY
Zoning H-MS · permitted uses
H-MS · Pine Plains, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pine Plains. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$910,000
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Heating
NONE
Stories
1
Lot
4 ac
Current owner
From public records · entity-resolved
Luxe Builders INC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 777, PINE PLAINS, NY 12567-0777
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2024
—
5th Generation Partners
—
Deed
related
$850,000 · Jpmorgan Chase Bank NA
Aug 26, 2024
—
Luxe Builders INC
2436 Route 83 LLC
Deed
—
May 31, 2017
$650,000
2436 Route 83 LLC
Mitchell D O Living Trust
Grant Deed
—
Jul 9, 2014
—
Michell,dale O Living Trust
Mitchell,dale O
Quit Claim Deed
—
Nov 20, 2008
—
Mitchell Dale O Living Trust
Mitchell,dale O
Quit Claim Deed
related
—
—
—
Mitchell Dale O Living Trust
—
Deed Of Trust
related
$453,069 · National Union Bank Kinderhook
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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